GH — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($92.23)
DCF	$-84.56	-191.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$88.11M

Near-term growth (yrs 1–5)(%)Rev: 39.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.74%

Computed WACC: 11.74%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)0.26%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)87.61%

Debt weight (D/V)12.39%

Results

Intrinsic Value / share$-55.02

Current Price$92.23

Upside / Downside-159.7%

Net Debt (used)$508.54M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	31.4%	35.4%	39.4%	43.4%	47.4%
7.0%	$-98.53	$-113.49	$-130.31	$-149.15	$-170.19
8.0%	$-78.29	$-89.99	$-103.14	$-117.85	$-134.29
9.0%	$-64.46	$-73.93	$-84.56	$-96.47	$-109.75
10.0%	$-54.45	$-62.31	$-71.13	$-81.00	$-92.01
11.0%	$-46.91	$-53.56	$-61.01	$-69.35	$-78.65

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $-3.26

Book Value / share($)Yahoo: $-0.76

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative. BVPS is zero or negative.

Graham Number—

Current Price$92.23

Margin of Safety—

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.74%

Terminal growth rate(%)

Computed WACC: 11.74%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)0.26%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)87.61%

Debt weight (D/V)12.39%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$92.23

Implied Near-term FCF Growth—

Historical Revenue Growth39.4%

Historical Earnings Growth—

Base FCF (TTM)-$88.11M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$92.23

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$396.56M

Target EV/EBITDA multipleCurrent: -31.8×

Net Debt($B)Default: $508.54M

Results

Implied Equity Value / share$92.25

Current Price$92.23

Upside / Downside+0.0%

Implied EV$12.61B

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